7231 Treverton DrFort WayneIN46816
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fort Wayne at 7231 Treverton Dr, Fort Wayne, IN, 46816 generates $1,314/mo in rent, after a $1,076/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 7.17% on a $219,800 entry. Equity gained on principal adds $1,418/yr, while 5% annual appreciation builds toward $60,727 over five years. Five-year ROI reaches 102.15% and total cumulative return in cash sums $74,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Haris Hrelja • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202528978